Axis AB: Interim report January-March 2017

Press release
April 21, 2017 - Lund, Sweden

Axis AB: Interim report January-March 2017

The first quarter

  • Net sales increased by 29 percent during the first quarter to SEK 2,027 M (1,567). Net sales increased by 21 percent in local currencies.
  • Operating profit increased to SEK 234 M (153), which corresponds to an operating margin of 11.6 percent (9.8).
  • Profit after tax amounted to SEK 177 M (114).
  • Earnings per share amounted to SEK 2.55 (1.64).


President's comment

The first quarter of 2017 was characterized by strong growth and profitability. A contributory factor to the sales increase was that many of our distributors sold off large parts of their inventories due to strong demand in late 2016, and thus needed to replenish their inventories in early 2017. Foreign currency effects and revenue from the companies we acquired during 2016 also contributed positively
to growth. But even apart from these factors, the performance was strong during the quarter.

All of our three sales regions showed a stable performance during the quarter. A global market presence is a crucial part of Axis’ strategy, and in this context it is worth mentioning that we also opened several new offices in early 2017 and continued to increase the number of employees in our global sales organization.

Just after the end of the quarter, we unveiled a number of new products and solutions at the major security industry trade show ISC West in the USA. One example is Axis’ new FA Series, with modular cameras for highly discreet surveillance. At the exhibition, we also introduced a future surveillance solution based on radar technology, which will be a good complement to our existing solutions.

On March 30, we published Axis’ Annual and Sustainability Report for 2016. This was the first year that we combined the annual report with the sustainability report, as part of our ambition that sustainability should be a natural and integrated aspect of our entire business. The report showed continued progress in the sustainability field during 2016, and of course this is something we will continue to advance going forward.

Ray Mauritsson

The report is available here.

This information is information that Axis AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on April 21, 2017.

For further information, please contact: Björn Hallerborn , PR & Corporate Communications Manager, Axis Communications
Phone: +46 46 272 18 00

About Axis Communications

Axis enables a smarter and safer world by creating network solutions that provide insights for improving security and new ways of doing business. As the industry leader in network video, Axis offers products and services for video surveillance and analytics, access control, and audio systems. Axis has more than 3,000 dedicated employees in over 50 countries and collaborates with partners worldwide to deliver customer solutions. Axis was founded in 1984 and has its headquarters in Lund, Sweden. For more information about Axis, please visit our website